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Dec 30, 2012
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the president's tax hike would only fund the government for eight days. americans deserve to know what does the president propose we do for the other 357 days of the year. inaction should not be an option. the problems facing our country are big with their not necessarily all that complicated. the president will never have more political capital and then he does right now. in debt -- the next few days will begin to define his second term. he was elected to lead. we can still avoid going over the fiscal cliff if we step for this week and republicans to solve this problem and solve it now. >> we talk with washington post reporter laurie montgomery this morning for the update on the fiscal cliff negotiations. >> tell us, what kind of a deal the president offered and what is new in the negotiations among the senators and between the senators and the white house? >> there does not appear to be anything new. the policy they are talking about are the same public -- policies that have been on the table for weeks. what is new is they seem to have finally agreed th
the president's tax hike would only fund the government for eight days. americans deserve to know what does the president propose we do for the other 357 days of the year. inaction should not be an option. the problems facing our country are big with their not necessarily all that complicated. the president will never have more political capital and then he does right now. in debt -- the next few days will begin to define his second term. he was elected to lead. we can still avoid going over...
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Dec 31, 2012
12/12
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in a parliamentary system, one government rules everything. one party rules everything. you have the prime minister, you have the speaker, and the leader. all in one party. and then it you do not compromise -- you put that out there and you get your program through. if there is a lack of confidence the people can change parties. the next party comes in and does what it wants. that is not what we do here. sometimes i wish it was the form of government we have because at least there would be some action and you would now. you would not have some uncertainty -- each party has its dreams and hopes and plans. they would have to change to get this policy through. we have to meet each other halfway. the house is run by the republicans. is -- the senate is run by the democrats but is not a super majority. the president is a democrat. we have to work together. that is the name of the game. if we can do it on the highway bill -- if they can do it on the farm bill, i now, and there are other examples -- i could give examples of senator feinstein and her republican counterparts. i c
in a parliamentary system, one government rules everything. one party rules everything. you have the prime minister, you have the speaker, and the leader. all in one party. and then it you do not compromise -- you put that out there and you get your program through. if there is a lack of confidence the people can change parties. the next party comes in and does what it wants. that is not what we do here. sometimes i wish it was the form of government we have because at least there would be some...
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Dec 29, 2012
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the ones who are pushing this, i might point out, basically want to have a 51-vote rule be the governing principle. most of them honestly have never been in the minority. those who have been in both majority and minority are the most reluctant to see this. so the majority leader senator reid feels very strongly the frustration. we understand that frustration. and there is the possibility that on january 3, the united states senate -- then a parliamentarian -- would overrule and it would require 51 votes to change the votes of the senate. that, my friends, would be a disaster leading to the destruction of the unique aspect of the united states senate as envisioned by our founding fathers. i also want to point out, i think that senator rudman -- senator levin described very well bringing up legislation and all of that with the hand out here. but i also want to point out that the practices of the senate have been abused. senators now can call from their home state and stop progress on the floor of the senate. that cannot happen anymore. that cannot happen. if a senator was to block legislat
the ones who are pushing this, i might point out, basically want to have a 51-vote rule be the governing principle. most of them honestly have never been in the minority. those who have been in both majority and minority are the most reluctant to see this. so the majority leader senator reid feels very strongly the frustration. we understand that frustration. and there is the possibility that on january 3, the united states senate -- then a parliamentarian -- would overrule and it would require...
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Dec 23, 2012
12/12
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we believe in keeping the government out of your pockets. if you believe in freekts, -- free markets, those are the basic tenets of the tea party. i would hope we all believe in that. that would be a decisive yes. >> \[inaudible] >> you look at his scorecard with the heritage action. he was a 98 and i was closing in on i think it was a 090. there was a couple that separated us, maybe some of the more well-known votes. other than that, i'm not quite sure where we disagree. i would think philosophically we're on the same page and hopefully we'll continue to work together. i look forward to hearing more from the senator. >> last question. >> \[inaudible] >> that's a great question. you know, i think if john was here with me today he would say, tim, don't forget, it's not about growing up in life, it's about moving forward. and we define that differently. some see the senate as a move up, and i certainly do as well in a way. but i'm hoping that the message that the good lord's placed in my heart gets a shot and a leap forward, that we'll have th
we believe in keeping the government out of your pockets. if you believe in freekts, -- free markets, those are the basic tenets of the tea party. i would hope we all believe in that. that would be a decisive yes. >> \[inaudible] >> you look at his scorecard with the heritage action. he was a 98 and i was closing in on i think it was a 090. there was a couple that separated us, maybe some of the more well-known votes. other than that, i'm not quite sure where we disagree. i would...
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Dec 22, 2012
12/12
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it could be a large government organization. the government is one of the level 3 customers. they are the ones who allow the internet to be mobile. they make the long -- to be global. they make the long-distance connection. the facebook's and the googles to ride on top of that. >> if somebody here in washington sent an e-mail to somebody in kenya, how does that track? >> that is interesting. if you asked that question two years ago, the answer would be different. only recently now that kenya has good connection to the internet rather than rely on satellite intermission. from washington to kenya, it would go through a building in ashford, virginia. 80% sure it would go through lower manhattan. dest is one of the major note for the transatlantic cable. the undersea cables that cross the atlantic and transport this communication. it would go through a single building in london. it is the uk equivalent of ashford in the u.s. i know that because the two cables down the east coast of africa both have their major london.n from there it is a straight shot. it is a fascinating place.
it could be a large government organization. the government is one of the level 3 customers. they are the ones who allow the internet to be mobile. they make the long -- to be global. they make the long-distance connection. the facebook's and the googles to ride on top of that. >> if somebody here in washington sent an e-mail to somebody in kenya, how does that track? >> that is interesting. if you asked that question two years ago, the answer would be different. only recently now...
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Dec 23, 2012
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government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that ha
government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly...
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Dec 28, 2012
12/12
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is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a representation as to what they are going to do. i do know they are going to be discussing it just in a few minutes. >> what would you say [indiscernbile] >> i would say the most preferable path forward is to get us back in session, come here, sit down at the table, and reach a compromise agreement. an alternative, which is the simplest -- pass the senate bill. you want to correct a glitch in the senate bill from a procedural viewpoint, it will pass the house, which will include a tax decrease on the first $200,000 of income of an individual or $250,000 for a family. we could do that immediately
is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a...
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Dec 28, 2012
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we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following planning fads' rather than doing what really works best for the american people, which is to let people choose how they want to live, how they want to get around, and pay for the cost of their. choices their but give them freedom of choice and let them do what they want. host: this is from wall street journal earlier this month -- guest: mental prices are on the rise in places that have land use restrictions like d.c., boston. they're not really on the rise in places that don't have land- use restrictions. in houston, the fa
we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following...
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Dec 29, 2012
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dividing government is a good time to solve our problems. in the next few days, leaders in washington have an important responsibility to work together and do just that. unless congress and the president act immediately, every american will be forced to pay for the largest tax hike in our nation's history on january 1. at the same time, the federal government, including our armed forces and defense workers, will undergo deep, across the board budgetary cuts. these are the cuts that president obama promised during the campaign would never take effect. well we need to reduce spending, we can do it in a much smarter, more targeted way. going over the so-called fiscal cliff will lead to devastating job losses, at a time when american families and small business owners are still struggling to get back on their feet. in contrast, the nonpartisan congressional budget office estimates extending tax rates afro-americans would create nearly 1.8 million jobs and increase the nation -- rates for americans would create nearly 1.8 million jobs. congress's
dividing government is a good time to solve our problems. in the next few days, leaders in washington have an important responsibility to work together and do just that. unless congress and the president act immediately, every american will be forced to pay for the largest tax hike in our nation's history on january 1. at the same time, the federal government, including our armed forces and defense workers, will undergo deep, across the board budgetary cuts. these are the cuts that president...
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Dec 29, 2012
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it's government. [laughter] yes, richard branson is as wild and weird and -- he is just like to see on television. cool guy. i think the steps will be likely virgin galactic, someone else may be first. people need to be exposed to a large cavan. you cannot go in a cramped space ship and spender week in orbit. it has to be about the destination, your launch vehicle. and the windows have to be big. you really want to see. the goal and the plan now, there is a company producing space ships. they are supposed to build about 40 of them. and the goal is to fly about 100,000 people within 40 years after they get started. by the way, how many people of flown in space? anybody know that? in 50 years -- if that works, i think it will be very profitable, and if it is a very profitable, it will attract the kind of investment so we can do what we really should do in my lifetime, and that is the ability to go to a resort hotel for a couple of weeks. this is a few miles. that would be a cool ride. and your short exc
it's government. [laughter] yes, richard branson is as wild and weird and -- he is just like to see on television. cool guy. i think the steps will be likely virgin galactic, someone else may be first. people need to be exposed to a large cavan. you cannot go in a cramped space ship and spender week in orbit. it has to be about the destination, your launch vehicle. and the windows have to be big. you really want to see. the goal and the plan now, there is a company producing space ships. they...
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Dec 29, 2012
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it's government. [laughter] yes, richard branson is as wild and weird and -- he is just like to see on television. cool guy. i think the steps will be likely virgin galactic, someone else may be first. people need to be exposed to a large cavan. you cannot go in a cramped space ship and spender week in orbit. it has to be about the destination, your launch vehicle. and the windows have to be big. you really want to see. the goal and the plan now,
it's government. [laughter] yes, richard branson is as wild and weird and -- he is just like to see on television. cool guy. i think the steps will be likely virgin galactic, someone else may be first. people need to be exposed to a large cavan. you cannot go in a cramped space ship and spender week in orbit. it has to be about the destination, your launch vehicle. and the windows have to be big. you really want to see. the goal and the plan now,
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Dec 27, 2012
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withn't really do anything any government entities. directly speaking, i don't think it will really affect our customers, because they don't really do the kind of stuff that works with the government. they do the kind of stuff with businesses, manufacturers. the stuff that we carry does not have much to do with defense. a certain group of people say that we need to have cuts. then when the cuts there them in the face, they say not those cuts. that's the real problem. e their owns to gordon ac ox. host: scott is looking to start a business. in "politico" is this article this morning -- in "usa today" -- doc in baton rouge, louisiana, good morning it. caller: i have my own insurance agency. host: talk to us about the fiscal cliff. caller: i am kind of concerned about it. one party makes a recommendation and never followed through. we don't get very much cutting in these negotiations through the years. in 1990 the democrats said that they would do spending cuts, but they did not. everytime i see a young child, 5, 6, 7 years old or younger
withn't really do anything any government entities. directly speaking, i don't think it will really affect our customers, because they don't really do the kind of stuff that works with the government. they do the kind of stuff with businesses, manufacturers. the stuff that we carry does not have much to do with defense. a certain group of people say that we need to have cuts. then when the cuts there them in the face, they say not those cuts. that's the real problem. e their owns to gordon ac...
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Dec 30, 2012
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we cannot expect a federal government controlled school system combat the dangerous growth of government that threatens our liberties. the internet will provide the alternative to the government media complex that controls the news and was political propaganda. this is why it is essential that the internet remains a free of government regulation. many of our religious institutions and secular organizations support greater dependency on the state by supporting war, welfare, corporatism, and ignore the need for a virtuous people. i never believed that the world our country could be made more free by politicians if the people had no desire for freedom. under the current circumstances, the most we can hope to achieve in the political process is to use it as a podium to reach the people to alert them of the nature of the crisis and the importance of their need to assume responsibility for themselves. if it is liberty they truly seek, without this, a constitutionally protected free society is impossible. if this is true, our individual goal in life ought to be for us to seek a virtue and excel
we cannot expect a federal government controlled school system combat the dangerous growth of government that threatens our liberties. the internet will provide the alternative to the government media complex that controls the news and was political propaganda. this is why it is essential that the internet remains a free of government regulation. many of our religious institutions and secular organizations support greater dependency on the state by supporting war, welfare, corporatism, and...
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Dec 29, 2012
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it's government. [laughter] yes, richard branson is as wild and weird and -- he is just like to see on television. cool guy. i think the steps will be likely virgin galactic, someone else may be first. people need to be exposed to a large cavan. you cannot go in a cramped space ship and spender week in orbit. it has to be about the destination, your launch vehicle. and the windows have to be big. you really want to see. the goal and the plan now, there is a company producing space ships. they are supposed to build about 40 of them. and the goal is to fly about 100,000 people within 40 years after they get started. by the way, how many people of flown in space? anybody know that? in 50 years -- if that works, i think it will be very profitable, and if it is a very profitable, it will attract the kind of investment so we can do what we really should do in my lifetime, and that is the ability to go to a resort hotel for a couple of weeks. this is a few miles. that would be a cool ride. and your short exc
it's government. [laughter] yes, richard branson is as wild and weird and -- he is just like to see on television. cool guy. i think the steps will be likely virgin galactic, someone else may be first. people need to be exposed to a large cavan. you cannot go in a cramped space ship and spender week in orbit. it has to be about the destination, your launch vehicle. and the windows have to be big. you really want to see. the goal and the plan now, there is a company producing space ships. they...
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Dec 27, 2012
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it is a state and local government issue. what we hear often from the southern states is that they are receiving former residents of new jersey that are buying homes and the tax bill goes down from $20,000 a year down to $2,000 a year. it is essentially a local and state tax competition. the high tax rates in new jersey -- that is one reason why there is a migration out of new jersey to other states. host: doug from kansas. on the independent line. caller: good morning. it appears there will not give new mortgages because they want to collect the higher interest rates. seeing the stock market crash -- would it make sense to loosen it up? -- say the stock market crashed and we went into depression, when it makes sense to loosen it up so somebody with a 700 credit score, they can save us in the economy ahead? -- they can give them the better mortgage rates to save us and the economy ahead? guest: i agree with the caller. the person that cannot refinance -- as is profit going to the financial industry. the financial industry pro
it is a state and local government issue. what we hear often from the southern states is that they are receiving former residents of new jersey that are buying homes and the tax bill goes down from $20,000 a year down to $2,000 a year. it is essentially a local and state tax competition. the high tax rates in new jersey -- that is one reason why there is a migration out of new jersey to other states. host: doug from kansas. on the independent line. caller: good morning. it appears there will...
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Dec 22, 2012
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we have not cut government spending in washington for 20 years. host: next up is valerie on our line for democrats. caller: i think we should go off of the cliff. i did not see anything wrong with the clinton years. he was a popular president. people would reelect him if they could. as far as the tea party is concerned, i would not vote for anybody who has anything to do with the tea party. host: why is that? what is it you do not like about the tea party? caller: the tea party is ruining this country. guest: i often hear that attitude. i do not like the tea party. i asked people, what is it you do not like about it? in today's wall street journal, i have an interview with a newly appointed member of the united states senate. tim scott. he is the first black from the cells to be in the united states senate since reconstruction of-from the south to be in the united states -- from the self to be in the united states senate since reconstruction -- from thd to be in the senate century construction. he said, a lot of people like the tea party if -- eve
we have not cut government spending in washington for 20 years. host: next up is valerie on our line for democrats. caller: i think we should go off of the cliff. i did not see anything wrong with the clinton years. he was a popular president. people would reelect him if they could. as far as the tea party is concerned, i would not vote for anybody who has anything to do with the tea party. host: why is that? what is it you do not like about the tea party? caller: the tea party is ruining this...
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Dec 24, 2012
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that is based on a government measure of inflation. for social security they use the consumer price index. there is a new measure of inflation that the government has been considering for a while. on average, it is a little bit lower. it reflects a lower level of inflation than what the government has been using up until now. on average they tell us that the kola would be about .03% less. last year the increase was 3.6%. that's the biggest effective of adopting this new measure of inflation that the republicans put on the table. the reason why we're focusing on this and a lot of groups have been focusing on this is that the president, he agreed to because a year and half ago they were in talks. the talks fell apart. nothing is agreed to until everything is agreed to. however, the president put on the table this idea. so we have the president who has supported this in the past. we have the speaker of the house who supports it now. it makes it in play. our other political dynamics on capitol hill that make it a lot more difficult to adop
that is based on a government measure of inflation. for social security they use the consumer price index. there is a new measure of inflation that the government has been considering for a while. on average, it is a little bit lower. it reflects a lower level of inflation than what the government has been using up until now. on average they tell us that the kola would be about .03% less. last year the increase was 3.6%. that's the biggest effective of adopting this new measure of inflation...
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Dec 30, 2012
12/12
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there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple months. in terms of the immediate tax increases, the payroll tax rise of 62% from four 0.2% and workers first $113,000 of income. capital gains, qualified dividend's, and estate and gift taxes are subject to higher taxes. higher earners face new taxes under the health care law. within the next couple glock -- a couple of
there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election,...
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Dec 29, 2012
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i teach united states government ii. guest: thank you for your call in the good work you do teaching political science. part of the president's job is being the leader of his party. in my research, and was able to interview one of the last surviving aides to president he said the american people like to embrace the myth the president can be above politics. we do not like the idea that for him to be good at his job, he needs to be a good politician. if you look at great britain, they have the queen, the unifying national leader, and the prime minister who is the head of government. in our system, both roles are combined in the president. the president has to be the unifying national leader who brings us together in times of tragedy, but he is also the leader of his party who has a political agenda. he spends a lot of time on that role. there is definitely tension between the two. the caller asked about allocating an electoral college votes proportionally to the popular vote in the state. that is something state legislatur
i teach united states government ii. guest: thank you for your call in the good work you do teaching political science. part of the president's job is being the leader of his party. in my research, and was able to interview one of the last surviving aides to president he said the american people like to embrace the myth the president can be above politics. we do not like the idea that for him to be good at his job, he needs to be a good politician. if you look at great britain, they have the...
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Dec 30, 2012
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the government is bigger and unless we do something now the government will continue to get bigger and the deficit will get bigger, even if we raise taxes on everyone there is still a huge deficit. if we do not take on spending, the fiscal cliff will be a downward slide to make us like greece, no longer a viable economic power. >> that was from the program " state of the union, close with this morning. a number of members of the house are point to try to make their way back for votes this evening at 6:30. the house taking up some 13 bills. here is how david hocking's of "congressional quarterly" termed this house session -- " >> nothing on the fiscal cliff, however. we will keep you posted on that. the senate gaveling out shortly for that caucus meeting in particular. taking a look at your twitter messages,-tag is fiscal cliff. -- the hash tag is fiscal cliff. >> also, this twitter message from about 30 minutes ago -- >> helen is in northport. you are on the air. caller: good afternoon. i am glad i lived in a country that allows me to make this phone call and speak my mind. i adhered t
the government is bigger and unless we do something now the government will continue to get bigger and the deficit will get bigger, even if we raise taxes on everyone there is still a huge deficit. if we do not take on spending, the fiscal cliff will be a downward slide to make us like greece, no longer a viable economic power. >> that was from the program " state of the union, close with this morning. a number of members of the house are point to try to make their way back for votes...
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Dec 23, 2012
12/12
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eye 114
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government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the fourpo mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that h
government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the fourpo mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly...
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Dec 28, 2012
12/12
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we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following planning fads' rather than doing what really works best for the american people, which is to let people choose how they want to live, how they want to get around, and pay for the cost of their. choices their but give them freedom of choice and let them do what they want. host: this is from wall street journal earlier this month -- guest: mental prices are on the rise in places that have land use restrictions like d.c., boston. they're not really on the rise in places that don't have land-use restrictions. in houston, the fas
we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following...
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Dec 27, 2012
12/12
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is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a representation as to what they are going to do. i do know they are going to be discussing it just in a few minutes. >> what would you say [indiscernbile] >> i would say the most preferable path forward is to get us back in session, come here, sit down at the table, and reach a compromise agreement. an alternative, which is the simplest, pass the senate bill you want to correct a glitch in the senate bill from a procedural viewpoint, it will pasts the house, which will include a tax decrease on the first $200,000 of income of an individual, or $250,000 for a family. we could do that immediately.
is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a...
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Dec 24, 2012
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the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. it is just like the subprime market here where people were coerced to take loans that could not afford. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he affectively called for a general election. it was much worse than obama's first debates. he appeared before them and was like "don't vote for me." he lost that election. he has not spoken since. he is having a nice holiday. and then there was papandreou. who was a 2006. who unfortunately, he did not see the crisis of the eurozone collapse in. -- collapsing. the eurozone had no foundation. there was an earthquake. between 1995 and 2008 god and his angels descended on an athens and ran the show. with rationality, omniscience, egos, and morality -- ethos, and morality. greece would not have been
the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. it is just like the subprime market here where people were coerced to take loans that could not afford. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he affectively...